Collateral Management - Senior Associate
State Street · Posted Nov 6
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
The Collateral Management team in India focuses on reducing credit risk by exchanging eligible cash or securities between counterparties, with daily calculations based on MTM of underlying trades that result in margin calls and agreed transfers. The team ensures all exposures are fully collateralized and that agreed collateral transactions settle as agreed for bank and fund clients. As a Senior Associate, the role covers daily margin call processing, collateral balance reconciliations, fails investigation, reporting, portfolio reconciliations and interest processing.
What you will do
- Margin call processing - Process daily margin calls daily for all agreed clients, who will include banks and fund clients and both cash and security margin calls.
- Reconcile collateral balances, investigate and solve discrepancies; be the main point of contact/ escalations
- Fails investigation - Checking the cash non-receipt reports and the custody settlement system and initiating correspondence with the client and counterparties
- Reporting - Generate a variety of reports, which includes client and internal
- Portfolio reconciliations - Completing any daily or ad hoc manual portfolio reconciliations.
- Interest Processing - Month end interest statement generation, settling interest, updating interest agreements, and updating and validating interest rates.
- Substitutions
- Coupon / Maturities
- Transformation initiatives
Skills used in this role
What the employer is looking for
- Proficient knowledge of MS Excel and Outlook; Power Point and Word will be an advantage
- Proficient knowledge of MS Access and VBA
- Very good command of English; effective communication, ability to write and sing off official documents
- Experience in finance and custody
- Knowledge of OTC markets/ derivatives instruments, Collateral Onboarding
- Numeracy skills; attention to details
- Accuracy and ability to work with tight deadlines
- Ability to collaborate and teamwork; organizational skills; supervising group of specialist if need be
- Self-motivated and reliant, flexible
- Project Management methodologies would be an advantage
- Graduate and above preferably in Finance
- B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce
- Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
- Knowledge on Macros, SQL & MS Access Database queries
Benefits and support
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- employee networks
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
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